POOL Nasdaq Russell 1000 Earnings call

Pool Corporation (POOL) · Q2 2026 results and valuation

Share price: $215.78 · 2026-11-11

Results Q2 2026 vs Q1 2026 · previous quarter · published 23 Jul 2026 and 23 Apr 2026

Net income up 253.4% on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.

Only a basic analysis is available for this company at the moment.

1 · Numbers

+253.4%

Net income vs Q1 2026

Outlook given

Net income 188.1M vs 53.2M

Revenue +60.2%

Against the same quarter last year (Q2 2025) it is −3.2%, so the move on last quarter looks seasonal or timing-related rather than a trend.

2 · How management spoke

Typical

More upbeat than 53% of company calls

Answers to analysts: restrained, in line with the script.

Similar to last call.

3 · What stood out

Guidance

Full-year gross margin is expected to be approximately 30 basis points below the prior year because of the second quarter's weight in the year.

Valuation

Is Pool Corporation undervalued?

Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

At −5.1% growth a year (3-year revenue growth), the model's fair value is $33.94 a share — the stock trades 536% above it. Today's price assumes 12.9% growth a year.

Current price

$215.78

close of 2026-11-11

Market implies growth of i

+12.9% for 10 yrs

Fair value / share

$33.94

Buy below

$25.45

Price vs fair value

Overvalued >200%

Price vs buy-below price

Overvalued >200%

Management expects

Growth +2.5% · from the Q2 2026 report: “The company expects low single-digit top line growth for the full year, with approximately 2% to 3% coming from pricing.”

A guidance figure for growth, usually one year ahead, not a 10-year free-cash-flow rate.

FCF growth / yr i Discount rate i Terminal growth i Margin of safety i

Read between the lines

Guidance

The company expects low single-digit top line growth for the full year, with approximately 2% to 3% coming from pricing.

Source quote
“Together, we expect low single digit top line growth for the full year with approximately 2% to 3% from pricing.”
Figure

The company reported sales of $1.8 billion while holding expenses tight to generate strong earnings in the second quarter.

Source quote
“We delivered a solid second quarter growing sales to $1.8 billion holding expenses tight, and generating strong earnings.”
Last period

Expense growth is expected to moderate on a quarter-over-quarter basis throughout 2026 as the company focuses on capacity absorption and a prior year new sales center opening.

Source quote
“Incremental incentive-based compensation, if earned, will be recorded in proportion to estimated operating income growth and the costs associated with new... We expect expense growth to moderate on a quarter-over-quarter basis throughout 2026 as we focus on capacity absorption and a prior year new sales center opening. With the share repurchases during the quarter, our projected interest expense is now a range of $49 million to $51 million.”

Tone

How upbeat the language was, compared with other companiesi. Dot: Q2 2026. Ring: Q1 2026.

Prepared remarks Typical (was upbeat)

Answers to analysts Restrained (was restrained)

Script and answers carried a similar tone, so the script's message held up under questioning.

Sentences that drove the tone

“In Europe, sales grew 11% on strong demand and improving sentiment.”

“Our large and growing installed base, drove healthy recurring maintenance demand Building materials grew 4% and that outperformed outperformance reflects our national pool trend showrooms our product breadth and the...”

“We delivered a solid second quarter growing sales to $1.8 billion holding expenses tight, and generating strong earnings.”

Full figures

USD · ROIC.AI fundamentals (NASDAQ:POOL, period end 2026-06-30)

Metric	Q2 2026period end 2026-06-30	Q1 2026period end 2026-03-31	Change	Q2 2025	YoY
Revenue	1.82B	1.14B	+60.2%	1.78B	+2.2%
Gross profit	540.8M	329.9M	+63.9%	535.2M	+1.0%
Operating income	267.7M	82.6M	+224.0%	272.7M	−1.8%
Net income	188.1M	53.2M	+253.4%	194.3M	−3.2%
EPS	5.21	1.45	+259.5%	5.17	+0.8%
P/E today 14.6	—	18.6	—	26.9	—

Topics

Most discussed now

New Saw the changes and track the higher rates that were coming in from Pool's vendors, particularly in some of those...
Adjusted operating income increased 1% to $276 million with an operating margin of 15.1%.
Pool reported operating income was $268 million a decrease of 2% versus prior year.
Some of those states that benefited from those extra early buy sales in first quarter, Pool had a slight shift...

Faded since Q1 2026

Fading Volume growth was a meaningful contributor to Pool's top line performance with its maintenance and discretionary product categories…
Fading The 6% increase reflects approximately 3% from pricing, 3% from volume in Pool's maintenance and discretionary categories and 1% from...
Fading This reflects an estimated 1% to 2% full year price realization from current year increases supplemented by an approximately 1%...
Fading Pool is happy to share a solid first quarter with net sales increasing 6% compared to the prior year period.

Latest announcements

Official filings, newest first.

2026-09-25 Director or officer change · SEC 8-K
2026-08-28 Material agreement; New financial obligation · SEC 8-K
2026-07-29 Regulation FD disclosure · SEC 8-K
2026-07-23 Results of operations; Regulation FD disclosure · SEC 8-K
2026-05-04 Director or officer change; Regulation FD disclosure · SEC 8-K
2026-04-29 Shareholder vote results; Regulation FD disclosure · SEC 8-K
2026-04-23 Results of operations; Regulation FD disclosure · SEC 8-K
2026-02-25 Regulation FD disclosure · SEC 8-K